6.17.2008

Jigga What?

"Dame...is that you?"

It has been reported that a Mogul Beef has broken out among Live Nation´s Inc´s top executives:

According to Reuters, the bosses are battling over the concert-promotion company's strategy to reshape the music industry by making big, expensive deals with artists.

Chief Executive Michael Rapino wants to slow the pace of multimillion-dollar deals with artists, while Chairman Michael Cohl wants to accelerate it.

Live Nation’s stock price, which has fallen more than 44% since its first big deal and with the ever changing music industry Rapino wants to play it safe.

Live Nation signed a $120 million deal with Madonna and a $150 million deal with Jay-Z, and more big deals are coming up.
I hope this doesn't stall the RocNation deal that much. The streets are talkin and Jigganaut's Pringles might have to bow before his ex biz partner, Damon Dash...

More on that soon!

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